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Friday, 23 December 2016

Sensex extends losses, Nifty breaks 7950; Sun Pharma rebounds

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Asia sails into 2017, trying to stay on an even keel will be more challenging than in 2016. There are too many large risks stacked to the downside. Expected central banks of Australia, India, Korea, Malaysia and Thailand to all cut rates further in 2017, which would lead to a major decoupling of Asia monetary policy from that of the Federal Reserve. Over time, once the storm passes growing divide in Asia in coming years, as its striving cubs like India, Indonesia, the Philippines and Vietnam unlock their full growth potential.